Lenders led by Bank of Baroda voted for the Essel Mining plan that also involves some capital infusion, said two senior bankers aware of the development. Read more »
When asked whether the ministry is adopting a hands-off approach, Civil Aviation Secretary R N Choubey replied in the negative. Read more »
IL&FS arm IL&FS Transportation Networks (ITNL) had acquired Elsamex SA of Spain, a road maintenance, operation and management company. Read more »
Government would release Rs 1,500 crore to the airline next week, a top official said. Read more »
This is yet another instance of the NCLT cases failing to meet the law mandated 270 days for resolution failing which the company goes into liquidation. Read more »
SINGAPORE--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of FMG Insurance Limited (FMGIL) (New Zealand). The outlook of these Credit... Read more »
The Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings. Read more »
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Prosper Marketplace Issuance Trust 2019-1 (“PMIT 2019-1”). This is a $171.664 million consumer loan ABS... Read more »
Get your free debit card from Square. Read more »
An inspection drive will also be launched on all mail and express trains from January 26 to February 15 to ensure the availability and working of POS machines. Read more »